• Strengthened Balance Sheet: $191 million in cash, bullion and listed investments
• Merger with Mandalay Resources: Admitted to ASX 300
• Robust Revenue Generation: $147 million in revenue from gold and antimony sales

Alkane Resources Limited reported financial results for the first quarter ended 30 September 2025, with the company generating consolidated revenue of $147.2 million, up from $62.3 million in the same period last year. This increase was due to the addition of Costerfield and Björkdal to the company's portfolio following the merger with Mandalay Resources Corporation. Alkane's consolidated gold equivalent production for the quarter was 30,511 ounces, compared to 18,418 ounces in Q1 2025. The company's cash operating costs were $2,215 per ounce of gold equivalent produced, while all-in sustaining costs were $2,988 per ounce. Alkane closed the quarter with $191 million in cash, bullion and liquid investments, after repaying $45 million in debt and incurring $25 million in one-off merger-related costs. The company's three operating mines - Tomingley, Costerfield, and Björkdal - all performed well during the quarter, with Tomingley generating $79 million in revenue, Costerfield $28 million, and Björkdal $40 million.

Alkane expects to maintain its strong production and revenue performance in the coming quarters, with the full integration of the Costerfield and Björkdal operations contributing to the company's overall financial results.